This equity funding will help bring its patented directional moisture control technology to market. In particular, the investment will fuel the commercial launch of its first product, an advanced interior wall paint and primer system, and the development of a directional water-resistive barrier product.

The round is led by D.R. Horton and PulteGroup, two of North America's largest homebuilders, joined by Massachusetts Clean Energy Center (MassCEC), a state-run economic development agency, and Point Cove LLC, an investment firm.

Adept Materials is an advanced materials company working to increase the durability, comfort, and energy efficiency of the materials around us. Adept's patented technology advances moisture, humidity, and thermal management. The company was founded by Derek Stein, a Brown University Physics Professor.